The share of transport in the total cost of public investment program for 2015 will be 26.57%.
According to the head of the Transport Ministry of Azerbaijan, Ziya Mammadov at the international conference "The railway line Baku-Tbilisi-Kars - new opportunities in the development of the Silk Road," for these purposes will be allocated 2.24 billion manat (854.58 million AZN of that due to foreign loans, 111,490,000 AZN - from the State Oil Fund, and 1 273 930 000 AZN - at the expense of the state budget).
The official also called the deadline (2017) for the completion of the construction and reconstruction of highways of international importance. "This work will serve as the facilitation of road transport, both local and international importance, which will ensure the safety of road users," he said.
According to him, out of the total funds invested in the economy of Azerbaijan, 20% were in the transport sector. --17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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